HYPE Falls to Around $40, Top Bear Loracle Nets $1.2 Million Daily

BlockBeats News, May 13, according to Coinbob Popular Address Monitor, during the recent week when BTC was relatively stable, the HYPE price continued to fall from its peak, with a weekly drop of 10.7%, falling today to around $40. The largest short seller of HYPE on Hyperliquid, known as "Loracle," has continued to benefit from this round of decline, with unrealized gains expanding to $2.07 million and a daily profit of $1.28 million.

Currently, using 5x leverage, "Loracle" is shorting 1.2432 million HYPE tokens, worth approximately $49.92 million, with an average price of $41.8, and opened the position entirely after adding to it on May 10.

In addition, the largest long position holder, suspected by the market to be the "HYPE listing insider" whale, is still holding a long position on HYPE. They are currently longing 1.38 million HYPE tokens with 5x leverage, worth around $55.4 million, with an average price of $38.67 and a liquidation price of $36.29.

Addresses: 0x8def9f50456c6c4e37fa5d3d57f108ed23992dae

Address: 0x082e843a431aef031264dc232693dd710aedca88